Union Street Correlations

USPFX Fund

USD 35.08 0.29 0.82%

The current 90-days correlation between Union Street Partners and Fidelity Advisor 529 is -0.27 (i.e., Very good diversification). The correlation of Union Street is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Union Street Correlation With Market

Almost no diversification

The correlation between Union Street Partners and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Union Street Partners and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Union Street Partners. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Union Mutual Fund

1.0	USPCX	Union Street Partners	Pair Corr
1.0	USPVX	Union Street Partners	Pair Corr
0.93	DODGX	Dodge Stock Fund	Pair Corr
0.83	AMFFX	American Mutual	Pair Corr
0.83	AMFCX	American Mutual	Pair Corr
0.93	BWLRX	American Beacon Bridgeway	Pair Corr
0.91	FBIFX	Fidelity Freedom Index	Pair Corr
0.86	FPURX	Fidelity Puritan	Pair Corr
0.9	TCIWX	Tiaa Cref International	Pair Corr
0.87	SEQAX	Guggenheim World Equity	Pair Corr
0.92	BRUGX	Mfs Blended Research	Pair Corr
0.87	FPTPX	American Funds Conse	Pair Corr
0.64	KMKAX	Kinetics Market Oppo	Pair Corr
0.77	ABNIX	Aberdeen Global Small	Pair Corr
0.91	DGLIX	Global Small	Pair Corr
0.87	JLFIX	Retirement Living Through	Pair Corr
0.85	JISCX	Perkins Small Cap	Pair Corr

Moving against Union Mutual Fund

0.89

UIPIX

Ultrashort Mid Cap

Pair Corr

Related Correlations Analysis

	SRGCX	LFTAX	UICGX	JAREX	BSCFX	AMTYX	FPSIX
SRGCX		0.74	0.59	0.69	0.2	0.58	0.76	SRGCX
LFTAX	0.74		0.8	0.62	0.49	0.64	0.93	LFTAX
UICGX	0.59	0.8		0.33	0.81	0.3	0.85	UICGX
JAREX	0.69	0.62	0.33		0.0	0.96	0.58	JAREX
BSCFX	0.2	0.49	0.81	0.0		0.02	0.55	BSCFX
AMTYX	0.58	0.64	0.3	0.96	0.02		0.55	AMTYX
FPSIX	0.76	0.93	0.85	0.58	0.55	0.55		FPSIX
	SRGCX	LFTAX	UICGX	JAREX	BSCFX	AMTYX	FPSIX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AMTYX	+ 0.96	JAREX
FPSIX	+ 0.93	LFTAX
FPSIX	+ 0.85	UICGX
BSCFX	+ 0.81	UICGX
UICGX	+ 0.8	LFTAX
FPSIX	+ 0.76	SRGCX

High negative correlations

BSCFX

- 0.0

JAREX

Risk-Adjusted Indicators

There is a big difference between Union Mutual Fund performing well and Union Street Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Union Street's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SRGCX	1.31	0.74	0.65	(1.67)	0.00	(2.05)	1.02	(0.99)	37.01
LFTAX	0.53	0.18	0.08	(0.91)	0.73	(0.57)	1.13	(1.02)	4.38
UICGX	0.67	0.34	0.36	(2.83)	0.00	(0.85)	1.11	(1.01)	11.34
JAREX	0.44	0.16	0.15	0.94	0.23	(0.51)	0.98	(0.67)	2.94
BSCFX	1.07	0.27	0.14	(0.63)	0.86	(1.26)	2.41	(1.93)	12.61
AMTYX	0.57	0.16	0.10	0.46	0.65	(0.60)	1.18	(1.01)	3.70
FPSIX	0.82	0.19	0.24	0.25	0.52	(1.00)	2.44	(1.37)	4.22

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